Post Utme Aaua 2023 Accounting Question 34

Practice objective / multiple choice question 34 from the 2023 Post Utme Aaua Accounting examination.

Post Utme Aaua 2023 Accounting Objective / Multiple Choice
Question 34 POST_UTME_AAUA • 2023 • ACCOUNTING • objective

A government agency's budget shows a revenue of ₦100,000 and an expenditure of ₦120,000. What is the correct accounting treatment?

Answer Options

A. ₦20,000 appropriation
Correct Answer B. ₦20,000 appropriation and ₦20,000 overdraft
C. ₦20,000 appropriation and ₦20,000 credit
D. ₦20,000 appropriation and ₦20,000 debit
Correct Answer
B
Correct Option:
₦20,000 appropriation and ₦20,000 overdraft

About This Question

This is Post Utme Aaua 2023 Accounting Question 34. It is one of the objective questions from the 2023 Post Utme Aaua Accounting examination.

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